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Guggenheim downgrades CenturyLink (NYSE:CTL) to Sell and lowers the target from $17 to $11, a new Street-low target.
Analyst Mike McCormack cites CTL's poor positioning in the changing telecom environment and doesn't think the current dividend is sustainable.
Source: Bloomberg First Word.
CenturyLink will report earnings on February 13 with analysts expecting $5.78B in revenue and $0.32 EPS.
CTL is down 2.8% premarket to $14.78.
Analyst Mike McCormack cites CTL's poor positioning in the changing telecom environment and doesn't think the current dividend is sustainable.
Source: Bloomberg First Word.
CenturyLink will report earnings on February 13 with analysts expecting $5.78B in revenue and $0.32 EPS.
CTL is down 2.8% premarket to $14.78.
